Nvidia in talks to invest up to $3bn in SB Energy - report
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Nvidia is considering investing up to $3 billion in data center developer and power platform SB Energy.
Key facts
Reports suggest that the investment would be part of its up to $100bn credit support of the Ohio Campus, which could cost an estimated $500bn if fully built out
SB Energy will invest $33.3bn in Japanese funding for 9.2GW of new natural gas generation at the site
In March, it committed $2bn to AI cloud provider Nebius
Nvidia is considering investing up to $3 billion in data center developer and power platform SB Energy
Summary
According to reporting from The Information, the chip giant is in talks with the SoftBank-backed company, which is the primary developer of a planned up to 10GW data center in Pike County, Ohio, in partnership with OpenAI. Reports suggest that the investment would be part of its up to $100bn credit support of the Ohio Campus, which could cost an estimated $500bn if fully built out. Nvidia has discussed investing $1.5bn when the deal for the Ohio data center is signed, and the other half as part of SB Energy’s planned initial public offering. The first phase of the data center is expected to start operations in 2028, at 800MW.